Loudoun County Market Update for April 21, 2008

Time for a market absorption rate update for Ashburn, Leesburg, Hamilton, Purcellville, and Round Hill. Based on MRIS data from this morning, here are the current absorption rates for the towns and home types:

(Market absorption is the number of months it would take for the current inventory of homes to sell at the rate at which they are going under contract. Number of active listings divided by the number of under contract homes.)

So, when you compare that to the numbers from the data I ran on March 15th, we see improvement in all places except Hamilton (although we can argue that the numbers there are small enough that one contract provides a decent swing in the absorption rate.) We are seeing improvement! And honestly, for the spring season, I’m not noticing a huge increase in the amount of inventory as compared to a month ago.

Any questions? Would you like statistics on a specific neighborhood? Email or call me and I’m happy to help!

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About our blog

Michael and Heather Elias are full time real estate professionals and licensed REALTORS at Century 21 Redwood Realty. They sincerely hope you enjoy reading this blog, and would love the opportunity to work with you.

The data relating to real estate for sale on this web site comes from MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than LoCoMusings are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. Data last updated 2017-09-26T17:15:07.797.